Corn market integration in Porfirian Mexico

• 成果类型: Article
• 署名作者: Complutense University of Madrid
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050705050047
• 发表日期: 2005
• 页码: 103-128
• 关键词: railroads; ECONOMY

摘要

This article aims to cover an important aspect of the economic history of Porfirian Mexico: the integration of agricultural domestic markets. Because corn was the staple crop of the commercial agricultural sector, it becomes the protagonist of this story. Panel techniques are applied to a price-convergence model. Although still unfinished on the eve of the Mexican Revolution, corn market integration substantially accelerated during the Porfiriato and ended up further integrated than estimated by Kuntz. Railroads were not only indispensable to the economic growth of Mexico, but also played a key role in the process of corn market integration.